Sunrun Inc (RUN)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,604,498 | -1,191,353 | 88,667 | 20,767 | 173,377 | 71,837 | -114,594 | -143,412 | -79,423 | -210,224 | -196,906 | -169,224 | -173,394 | 8,426 | -31 | 12,238 | 26,335 | 7,947 | -23,939 | -15,237 |
| Total assets | US$ in thousands | 20,450,200 | 20,027,100 | 20,490,600 | 19,728,300 | 19,268,800 | 18,568,100 | 17,800,600 | 17,255,100 | 16,483,300 | 16,089,700 | 15,428,800 | 14,886,000 | 14,382,900 | 6,306,830 | 6,005,040 | 5,938,510 | 5,806,340 | 5,472,020 | 5,207,380 | 4,939,680 |
| ROA | -7.85% | -5.95% | 0.43% | 0.11% | 0.90% | 0.39% | -0.64% | -0.83% | -0.48% | -1.31% | -1.28% | -1.14% | -1.21% | 0.13% | -0.00% | 0.21% | 0.45% | 0.15% | -0.46% | -0.31% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,604,498K ÷ $20,450,200K
= -7.85%
Sunrun Inc's return on assets (ROA) has shown significant fluctuation over the past eight quarters. The ROA was negative in five out of the eight quarters, with the lowest value of -7.85% recorded in Q4 2023. This indicates that the company's profitability relative to its assets was weak during these periods.
The positive ROA values in Q2 2023, Q1 2023, and Q4 2022 suggest that Sunrun Inc was able to generate some profit from its assets during these quarters, although the percentages were relatively low, ranging from 0.11% to 0.90%. However, these positive ROA values were not sustained consistently.
Overall, the trend in Sunrun Inc's ROA indicates that the company faced challenges in effectively utilizing its assets to generate profits during the analyzed period. Further investigation into the factors influencing these fluctuations would be necessary to assess the company's financial performance accurately.
Peer comparison
Dec 31, 2023